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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: X Y Zebra who wrote (24777)10/24/2004 9:23:56 PM
From: Elroy JetsonRead Replies (1) of 306849
 
I think your observation about financial engineering to try to replace exported jobs is correct. So how to protect yourself?

For the time being, I sent virtually all of my life savings more than a year ago to Australia earning more than 5% in bank accounts (and some money to Canada simply because I can drive there).

So far the central bank of Australia has taken a firm stance against the Fed's insane scheme.

I think their appreciating dollar is a combination of:

1.) the Australian Reserve Bank's policy and

2.) inflated raw materials prices (farm output, metals, minerals, and petrol products) all of which Australia exports.

I also have a lot of faith in Australia's internal demand as well, since the consumer there is far less leveraged.

.
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